Maine home sales and prices continue to surge in late winter
AUGUSTA, Maine (AP) — Maine home sales continued to surge through the winter, and prices have also jumped in the state.
The Maine Association of Realtors said high demand for single-family existing homes in the state led to a sales increase of nearly 23% in February 2021 compared to February 2020. Prices of homes also rose nearly 13% to a median sales price of $244,900, the association said.
The trends in Maine were similar to nationwide sales trends. Association president Aaron Bolster said the statewide days-on-the-market stat was 21 days for February 2021 compared to 52 days for February 2020.
Sales volume and prices increased in every county in the state. The highest price increase was in Lincoln County, while the highest volume increase was in Washington County.